Herbalife LTD. (NYSE:HLF) Releases FY17 Earnings Guidance

Herbalife LTD. (NYSE:HLF) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of 4.30-4.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.62.

Several research firms have recently issued reports on HLF. SunTrust Banks, Inc. set a $67.00 target price on shares of Herbalife LTD. and gave the stock a hold rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Herbalife LTD. from a sell rating to a hold rating in a report on Tuesday, August 8th. Tigress Financial reiterated a buy rating on shares of Herbalife LTD. in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Herbalife LTD. from a hold rating to a buy rating and set a $73.00 price objective for the company in a report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Herbalife LTD. from a hold rating to a buy rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $83.00.

Herbalife LTD. (HLF) traded down 0.42% during mid-day trading on Friday, reaching $61.95. 772,349 shares of the company’s stock traded hands. Herbalife LTD. has a 52 week low of $47.62 and a 52 week high of $74.49. The stock’s 50 day moving average is $68.50 and its 200-day moving average is $64.45. The stock has a market capitalization of $5.59 billion, a PE ratio of 13.03 and a beta of 1.20.

Herbalife LTD. (NYSE:HLF) last announced its earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $1.29 EPS. Herbalife LTD.’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Herbalife LTD. will post $4.71 EPS for the current year.

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About Herbalife LTD.

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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